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How IoT, Wearables, AI, Blockchain & RPA are Revolutionizing Supply Chain

#artificialintelligence

IoT, AI, wearables, blockchain & RPA are providing seamless and hassle-free management of supply chain flows while cutting down operating costs. Right from product development to its sale, organizations have to pay special attention to streamlining the internal activities for creating an impact on the organization's bottom line. For offering expeditious service to customers and to gain competitive advantage in the market, in this fast-paced digital world, companies should revise their supply chain activities and services with a focus on appropriate business strategies and state-of-the-art technologies. Technologies will enhance the speed, dynamics, and resilience of internal, as well as, external supply chain operations, which will, in turn, strengthen customer relationships, leading to increased revenue flow. Let's see some key supply chain technological trends, which will soon redefine the current practices, thereby helping companies experience operational efficiencies, market valuation, and financial growth.


Thanks, mum!

BBC News

Jessie Baker thanks her mother for the inspiration to start her company, Provenance. Set up just a few years ago, Provenance says it is lighting a fire under the retail world. The company is based around an app which allows retailers and customers to see where a product comes from, from its origins to its point of sale. "Behind every product is a complex chain of people and places and that's a really important part of why people buy things," Ms Baker explains. "Provenance is all about making that information transparent to shoppers but also to businesses all along the supply chain."


Hybrid Blockchain- The Best Of Both Worlds

#artificialintelligence

Supply Chain can also benefit hugely from hybrid blockchain. As supply chain is huge, it is essential for them to go hybrid. Many supply chain logistics company have already started implementing it. One big example that uses hybrid blockchain in the supply chain is the IBM food trust. They aim to improve efficiency throughout, and the whole food supply chain.


5 Incredible Ways The Blockchain is Reshaping The Supply Chain

Huffington Post - Tech news and opinion

Blockchain technology is the pride and centerpiece of its popular pioneer, Bitcoin. Bitcoin and the blockchain technology that is a digitally distributed ledger that through valid transactions and multiple verification requirements, offers a permanent and unchangeable public record of events without revealing the identities of the users. It's clear that Bitcoin is a blossoming and possibly, permanent financial fixture globally. It is because Bitcoin erupted onto the markets and had become what appears to be an unstoppable currency, which has grown in value continuously since it first was introduced.


Rise of the machines: what to expect from AI in 2017

#artificialintelligence

An emerging technology, Blockchain has the potential to revolutionise the supply chain for retailers. Blockchain, a shared ledger for recording the history of transactions, has applications across a range of industries, including retail, finance and manufacturing. It can be used to register the transfer of goods on the ledger as transactions that would identify the parties involved, as well as the price, date, location, quality and state of the product and any other information that would be relevant to managing the supply chain. The public availability of the ledger would make it possible to trace back every product to the very origin of the raw material used, helping to increase transparency One new tool, BlockVerify, promises to use blockchain's transparency to fight against counterfeiting, aiming to make the verification of a product's authenticity as easy as scanning a QR code on the box. Each product will have its own identity on the blockchain to record changes of ownership, which can be easily accessed by everyone.